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FDI norms tweaked in retail trading, aviation: All you need to know

Till now, government approval for FDI in single brand retail was given automatically when it was to the extent of 49 per cent of the paid-up capital, beyond which government permission was required

FDI norms tweaked in retail trading, aviation: All you need to know
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Subhayan Chakraborty New Delhi
In a move to broad base investments into the country, the Cabinet on Wednesday further tweaked FDI norms - the fourth time in three years. This includes allowing automatic approval to a full 100 per cent foreign direct investment (FDI) in the single brand retail segment while a foreign carrier may now pick up a stake in Air India.

Till now, government approval for FDI in single brand retail was given automatically when it was to the extent of 49 per cent of the paid-up capital, beyond which government permission was required.
 
The latest tweak is expected to give a

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